Tag: banks

Wonga Might Be Uniquely Unscrupulous, But the Whole Commercial Banking System is Out to Get Us
With infamous payday lender Wonga on the brink of collapse, Grace Blakeley argues the company's business model may seem uniquely exploitative but its practices are merely an extreme version of a more general trend.
A Measly Fine for RBS Shows Just How Little We’ve Learnt From the Financial Crisis
Today the Royal Bank of Scotland agreed to pay a settlement of just $5bn to the US government over its activities in the run up to the financial crisis. Grace Blakeley explains why issuing fines to the ‘bad’ banks won’t do anything to curb the voracious greed upon which our financial system is built.
Why Isn’t Anyone Talking About Banks in This Election?
The economic chaos prompted by the 2008 financial crash was a key narrative in the 2010 election, and the links between the financial services sector and government featured heavily in the campaigns of 2015. Why has this year's election seen so little mention of banking?
PFI, the Banks, and the People Uncovering the Biggest Threat to the NHS
This election is being dominated by discussion of the national books and the future of the NHS. Curious then that the big issue connecting the two - the Private Finance Initiative - hardly features in the papers or debates.